1270 Results from 2013
Robert Siciliano Security Analyst at Safr.me
This year, one of the biggest identity theft rings originating from Minnesota was prosecuted—spanning 14 states and involving hundreds of victims. Total theft exceeded $2.5 million, and major retailers and banks were victimized. Just who was part of this ring is mind boggling; the participants included a receptionist with the state Board of Psychol...
07 December 2013 /security
Elton Cane Digital product delivery at News Corp Australia
When I recently spoke to a young family acquaintance who had taken a job as a bank teller, it got me thinking about the changing nature of that role, and its future prospects. Particularly as I recalled a couple of news articles on Finextra recently, such as Bank of America tellers petitioning their bosses to cease the roll-out of video teller ATM...
06 December 2013 /retail Future Finance
Penny Hembrow Global Lead, Financial Services at CGI
The metaphor of Amazon being Santa’s grotto of the 21st century, has been used many times before. But it is an interesting one, simply because it illuminates where we are as a society. Holiday gift shopping is now a digital-fest one night over a glass or two of red wine. Less and less is it about actually ‘going out’ shopping. The numbers back th...
06 December 2013 /retail
Retired Member
Since the release of the iPhone 5S, conversations surrounding one of its most prominent features the iBeacon, which exploits a new variant of Bluetooth technology which uses considerably lower power, has been making headlines. A myth I’d like to address is that Near Field Communications (NFC) and Bluetooth Low Energy (BLE) can’t work together and t...
Transaction banking has made huge strides in recent years. The easy availability of new technologies has improved operating efficiencies and accuracy. Apart from this, the speed of transactions has also increased remarkably. The volume of transaction banking data generated has grown in tandem with the emergence of “predictive analytics” that helps...
06 December 2013 /wholesale
In our continued conversations with multinationals around the new version of the Nota Fiscal process and schema, we continue to find that many companies don't fully understand the breadth of the legislation. While this is not as humorous as the David Letterman show, it should be a checklist that all managers of global SAP applications and support...
05 December 2013 /regulation Electronic invoicing
The annual SWIFT Standards Release is a remarkable animal. Generally speaking, the financial industry does not like to be told what to do; we hire expensive lawyers to lobby against proposed regulations; we refuse to adopt new and technically superior standards unless they are forced upon us; and yet like a bunch of lemmings we all go through t
05 December 2013 Standards Forum
Dan Barnes Writer at Information Corporation
It must be hard trying to start out in the world of banking. There are all of these massive competitors, hoovering up business, and there is no way to match their scale. Without scale, you cannot pay the same level of wages, you cannot offer the same breadth of services and you cannot reach as many customers. What could be done? Well, regulators c...
05 December 2013 /regulation Future Finance
Residents without bank accounts at risk of arrears under new benefits system http://www.theguardian.com/housing-network/2013/dec/02/universal-credit-housing-benefit-banking Universal credit will be paid directly into bank accounts, but a worrying number of social housing residents do not yet have one Monday 2 December 2013 07.59 GMT The government...
05 December 2013 /payments
Clive Adamson, the Financial Conduct Authority’s (FCA) Director of Supervision, spoke at the Insurance Institute of London. In his speech, Mr Adamson discussed the FCA’s overall aim for the insurance industry, which is to work with it to enhance public trust, so that when consumers purchase insurance products and services, they can be confident th...
05 December 2013 Financial Services Regulation
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